Thanks Arthur . Not sure if u understand what I think the objective is ?but put simply a line across the tops give us a target of 12.55 ish . Today's action is scary as we are filling in the gap from 2 days ago . As long as the last swing bottoms hold the short term trend remains up but the long term down .
Read the post from the other day below . As the last swing bottom held it and infact gave us a higher swing bottom and tripple bottom to boot ,on the daily .
Count the days of the first major trend down and then the days of the next consolidation upwards . I'm guessing we are in the 2nd consolidation and a weekly chart shows nearly the exact same pattern as to where we are now and the possiblity of a top around 12.55 ish . A fast break up next week above 12.25 will be confirmation for those who feel the need to go long . A stop placed just under the last swing low around 11.71 ish for insurance sake .
